Labor Market DeclineThe decline of the labor market is easy to misinterpret (interpret). There are many reasons for that. During the 1970s, large numbers of women and young adults _____(41)(bear) during the baby boom entered into the work force. That _____(42)(result) in too many workers for the jobs available and depressed wages. The decline also has something to do with the explosive _____(43)(grow) in world trade since 1960. As _____(44)(manufacture) technologies have become more mobile, production jobs have _____(45)(move) from the U.S. to countries where wages are low. In _____(46)(add), technology itself has helped to cause the shifts in the job market. For example, _____(47)(few)American workers are needed to make steel today than in the past, because new _____(48)(machine) have made many of their tasks _____(49)(necessary). Finally, the high rate of _____(50)(employment)caused by these factors has tended to drive wages down further._____.
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